energy oil independent. liz: an annual low rate from the previous 1.7%. from your perspective, what do we need to do to figure out this problem of growth? >> first of all, why is it they always have to revise lower? we need to, in my view, the burden the small and large businesses from the uncertainty they have right now. on this fiscal cliff. look at the sequestration, all the disasters that lie ahead. leof course we have a dysfunctional government, you want to blame republicans, democrats, it is dysfunctional. the business person out there, going to have to hire an accountant to handle obamacare and the new regulations coming down? or are you going to hire additional people? we have to give them an environment of certainty, and that means among other things a tax code with two deductions, home loan and charitable deductions and the rest of it you do away with. have you met an american but when support that simplification of the tax code? liz: i met a lot of lobbyists but wouldn't. but they quickly get your thoughts on defense spending. facing billions and billions of cuts over 10 years.